Breaking News: In the U.S., a decline of 32,000 jobs was recorded in ADP employment during November, the lowest level since March 2023, while expectations had predicted an increase of 10,000. The Federal Reserve now has no choice but to cut interest rates again.
Powell shook the entire market — all with just one sentence. Jerome Powell said: "Clear improvement in inflation." And the markets erupted — crypto up, stocks up, yields down.
But he immediately warned that premature joy could lead to a dangerous reversal. This mix of hope and fear has created significant volatility in the market.
Now analysts are changing their December predictions, because Powell's next move could change the entire trend for the end of 2024 — or a massive rally... or a sudden correction.
BlackRock acquired 16,213,055 shares of Robinhood Markets (HOOD) in Q3 for about $2,320,000,000, increasing its existing HOOD stake by 37.46%.
BlackRock now holds over 59.4 million shares of Robinhood (HOOD), valued at more than $8.5 billion. The firm owns a 6.72% stake in Robinhood and is its second-largest institutional shareholder.